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Updated about 3 years ago on . Most recent reply

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12
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5
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Anthony Garcia
  • New to Real Estate
  • Santa Clarita
5
Votes |
12
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Is Southern California a good place to start my portfolio

Anthony Garcia
  • New to Real Estate
  • Santa Clarita
Posted

I am very new here about to turn 22 this month. I’ve read some of Brandon’s books as well as others, watched a crap load of podcasts (love bigger pockets btw) and ready to start taking action. Currently looking to start real estate wholesaling to help gain some capital while I’m working a full time job. I was working as a pool man (new job now) and unfortunately my old boss screwed me out of $14,000 in payment so I’m starting from scratch looking to bounce back!! I’m fired up about real estate but it seem all these successful investors live everywhere BUT California 😂 Looking for successful investors out here in California for tips on how they got started

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2,205
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Peter Mckernan
#1 Rehabbing & House Flipping Contributor
  • Residential Real Estate Agent
  • Irvine, CA
1,092
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2,205
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Peter Mckernan
#1 Rehabbing & House Flipping Contributor
  • Residential Real Estate Agent
  • Irvine, CA
Replied

@Anthony Garcia good to see you are diving in when you are young! Two things you need to get cashflow (active) income which it sounds like you are doing with getting into Wholesaling, the second tip is to start to obtain passive income which can be in California. You need two things on that, the right area that you know inside and out and a budget. It can be done and I work with some investors that have been successful over the years and have 100 properties in CA between the both of them with great cashflow along with increasing rent growth as massive as it is in SoCal. I have picked a market and only focus on California nowhere else. There is another investor that I know and have been mentored by, he only buys in California and nowhere else as well. 

  • Peter Mckernan
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The McKernan Group
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